Common use of Reimbursement Agreement Clause in Contracts

Reimbursement Agreement. (a) The Company hereby assumes, and hereby covenants and agrees to satisfy and discharge in full when due, all payment obligations of the Account Party under the Reimbursement Agreement and the Letter of Credit, whether now existing or hereafter arising. As soon as practicable after receipt of any demand by the Issuing Bank for payment under the Reimbursement Agreement, or after receipt of notice of any drawing or demand for payment under the Letter of Credit, the Account Party shall give written notice thereof (or telephonic notice, promptly confirmed in writing) to the Company (a "Payment Notice"), setting forth the amount of the payment due under the Reimbursement Agreement in respect of such event (the "Payment Amount"), the date and time such payment is due, and the section of the Reimbursement Agreement under which such payment obligation arises. Any failure or delay by the Account Party in giving any Payment Notice hereunder shall not excuse the Company from any obligation of the Company to the Account Party hereunder, except to the extent that such failure or delay actually prejudices the Company.

Reimbursement Agreement. (a) The Company hereby assumes, and hereby covenants and agrees to satisfy and discharge in full when due, all payment obligations of the Account Party under the Reimbursement Agreement and the Letter of Credit, whether now existing or hereafter arising. As soon as practicable after receipt of any demand by the Issuing Bank for payment under the Reimbursement Agreement, or after receipt of notice of any drawing or demand for payment under the Letter of Credit, the Account Party shall give written notice thereof (or telephonic notice, promptly confirmed in writing) to the Company (a "Payment Notice"), setting forth the amount of the payment due under the Reimbursement Agreement in respect of such event (the "Payment Amount"), the date and time such payment is due, and the section applicable provisions of the Reimbursement Agreement under which such payment obligation arises. Any failure or delay by the Account Party in giving any Payment Notice hereunder shall not excuse the Company from any obligation of the Company to the Account Party hereunder, except to the extent that such failure or delay actually prejudices the Company.

Reimbursement Agreement. (a) The Company hereby assumes, and ------------------------ hereby covenants convenants and agrees to satisfy and discharge in full when due, all payment obligations of the Account Party under the Reimbursement Agreement and the Letter of Credit, whether now existing or hereafter arising. As soon as practicable after receipt of any demand by the Issuing Bank for payment under the Reimbursement Agreement, or after receipt of notice of any drawing or demand for payment under the Letter of Credit, the Account Party shall give written notice thereof (or telephonic notice, promptly confirmed in writing) to the Company (a "Payment Notice"), setting forth the amount of the payment due under -------------- the Reimbursement Agreement in respect of such event (the "Payment Amount"), the -------------- date and time such payment is due, and the section applicable provisions of the Reimbursement Agreement under which such payment obligation arises. Any failure or delay by the Account Party in giving any Payment Notice hereunder shall not excuse the Company from any obligation of the Company to the Account Party hereunder, except to the extent that such failure or delay actually prejudices the Company.